It’s Free to Look: 1045 Park Avenue

It’s not surprising Joseph Moinian’s apartment would offer great location, plenty of square feet and a deal of a price.

Mr. Moinian, a noted developer, bought two apartments on the 15th floor of 1045 Park Avenue and combined them into one sprawling 4,000-square-foot five-bedroom spot for him, his wife and a brood of future real estate gurus. The apartment has beamed ceilings and delicate Tromp L'Oeil finishes. But the listing is particularly enthusiastic about the free parking spot for a year—if only because “Park on Park Avenue” is such a catchy line.

For a steal at $7.9 million thanks to a recent $1 million price chop, according to the Douglas Elliman listing, you just might feel like a real estate guru yourself. — Laura Kusisto